Once a market is mature, the product will naturally enter the decline phase of the product life cycle.

Name: Once a market is mature, the product will naturally enter the decline phase of the product life cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A mature market does not necessarily mean that a product will enter the decline phase immediately or naturally. Many products and services in mature markets can sustain or even grow through innovation, market expansion, and adaptation to changing consumer needs.

Once a Market Is Mature, the Product Will Naturally Enter